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Manufacturing, supply chain see greatest cost savings from AI: McKinsey

January 07, 2020 / Morgan Forde

Supply chain and manufacturing are two functions most likely to see cost savings as a result of using artificial intelligence (AI), according to a recent survey by McKinsey and Company that asked hundreds of respondents about the benefits their companies were seeing from AI and its impact on organizations. The survey found 64% of respondents saw cost reduction in the manufacturing space while 61% saw a reduction in supply chain planning costs. The report suggests the supply chain savings are the result of better spend analytics and better network optimization. The manufacturing savings were are the result of improving "yield, energy, and throughput," the report noted.